Intellus Advisors LLC Purchases New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Intellus Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 41,206 shares of the company’s stock, valued at approximately $3,116,000.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after acquiring an additional 4,667,955 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $3,233,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Palantir Technologies during the third quarter worth approximately $639,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLTR shares. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. UBS Group upped their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Finally, Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Price Performance

PLTR stock opened at $90.96 on Friday. The stock has a market capitalization of $213.33 billion, a price-to-earnings ratio of 478.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The company has a 50-day moving average of $89.55 and a two-hundred day moving average of $66.92. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Insiders own 12.93% of the company’s stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.